Currencies that are not backed by precious metals of equal value are called:
a. Near money.
b. Repurchase agreements.
c. Eurodollars.
d. Fiat money.
e. Legal tender.
.D
You might also like to view...
Which of the following will not cause a change in the demand for a product?
a. a change in consumer income b. a change in consumer preferences c. a change in the price of the product d. a change in the price of a substitute product
The three problems with using the consumer price index as a measure of the cost of living are
a. widely acknowledged and easy to solve. b. widely acknowledged and difficult to solve. c. nearly unacknowledged and easy to solve. d. nearly unacknowledged and difficult to solve.
The demand curve facing a monopolist is:
a. downward-sloping, unlike the horizontal demand curve facing a perfectly competitive firm. b. horizontal, the same as that facing a perfectly competitive firm. c. upward-sloping, the same as that facing a perfectly competitive firm. d. downward-sloping, the same as that facing a perfectly competitive firm.
Which of the following decreases the price of the dollar relative to the euro?
A. an increase in the supply for euros B. a decrease in the demand for euros C. an increase in the demand for dollars D. a decrease in the supply of euros